$XRP Correction May End Any Hour Now, Analysts Predict Major Rally

Analysts Casi and ChartNerd are predicting that the current correction in $XRP may be nearing its end. According to Casi, who shared her analysis on X, the long decline may be hiding a bullish setup on the long-term chart.

The end of this Wave 2 correction could quite literally happen any hour now, Casi wrote, advising holders not to let the recent drop make them forget why they were bullish in the first place. Once Wave 2 ends, $XRP could enter Wave 3, which could lead to a major rally and possibly new all-time highs.

ChartNerd also expects further weakness before a larger reversal, citing a historical 'weakness window' that has appeared during previous midterm U.S. election years. However, he believes the current correction does not necessarily invalidate the longer-term bullish thesis.